Will Dow Jones hit 40000 points?

Discussion in 'Business & Economics' started by Saint, Jan 21, 2021.

  1. Saint Valued Senior Member

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    Will Dow Jones hit 40000 points?
     
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  3. billvon Valued Senior Member

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    Yes.
     
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  5. cluelusshusbund + Public Dilemma + Valued Senior Member

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    In 2021.???
     
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  7. Sarkus Hippomonstrosesquippedalo phobe Valued Senior Member

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    Unlikely, as that's a c.33% jump from where it is now. While 2020 saw such an increase since the start of the pandemic, this was only after a similar decrease. Achieving it from the current highs is... unlikely. Getting to 33k would be a good start - as that would be a 10% increase.
     
  8. billvon Valued Senior Member

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    19,474
    Probably 2023, assuming a 10% growth a year (reasonable average.)
     
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  9. Seattle Valued Senior Member

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    6,958
    The Dow gained 7.3% last year. 4,000 is going to be a while. The Nasdaq 100 (for instance) went up about 47% last year it could go up substantially this year but given the gains of last year is unlikely to go up the 33% that the Dow would have to go up to reach 4,000. The Dow is a broader index.

    Most people who are invested in indexes probably are in the S&P 500 or in something like the Nasdaq 100.
     
  10. Saint Valued Senior Member

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    4,180
    Will Bitcoin hit 50k?
     
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  11. Sarkus Hippomonstrosesquippedalo phobe Valued Senior Member

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    8,989
    Eventually, I think, yes, and beyond.
    In 2021? Possibly, but maybe this is a year of slight retrenchment and consolidation, after the record prices recently.
    There are some who say the trend in both Bitcoin and Ethereum is linked quite accurately to number of users, not withstanding some broader pressures, and that user numbers will only increase with time. Otherwise, a cursory glance at the news feeds on the matter suggest that USD 50k for Bitcoin this year is a reasonable possibility, some even predicting 150k, and others a possible decline this year before further gains in the years ahead. Bitcoin has touched on 40k this year, and is now at c.33k. Last year it rose by c.400%, from c.7k to 30k or so. I don't think it will go up so quickly in 2021, but even a 50% increase from current will see it hit 50k. But it's cryptocurrency, so who really knows: it could crash to zero in no time at all.
    The problem with it getting to these heady heights, though, is the higher it gets the more people will take profits (i.e. sell) but fewer people will buy, thinking it overpriced. It may also put people off simply because they don't realise you can buy a fraction of a Bitcoin and don't need to buy a whole one.
    Meh - crypto - the price is a mystery to those that don't know, and more of a mystery to those that do!
     
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  12. Saint Valued Senior Member

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    4,180
    Major correction now.
     
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  13. Dennis Tate Registered Senior Member

    Messages:
    812
    Yes it will.....
    my guess would be in 2022... but that is just a hunch of mine and it depends on corruption in high places being addressed effectively before then!

    The Dow was 33,730 yesterday.....
     
  14. Dennis Tate Registered Senior Member

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    812
    As long as the huge money people cannot do to BigCoin what they did to the Social Credit government of Bible Bill Aberhart of Alberta during the Great Depression BitCoin will go far, far, far above fifty k.


    https://en.wikipedia.org/wiki/William_Aberhart

     
  15. Saint Valued Senior Member

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    4,180
    BTC is 62k now.
     
  16. RainbowSingularity Valued Senior Member

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    6,124
    today 2021(new end of financial year?) shows 34,200
    start of 2020 shows 24,242
    (unsustainable inflation)
    will the dow jones artificially inflate its interest rate by 15% by the end of the year ?

    is that the question ?

    where did all the money come from ?
    where did all that money go to ?

    is it still money ?(has it lost any value does it still have its original value?)

    lol

    whos money is it ?
    the feds ?

    who owns it now ?
    china ?

    what the media & the political elitists and wall st bankers will forget to tell you is

    all those bankers
    wall st workers
    investment managers
    hedge fund managers
    brokers

    they all either
    do not vote
    or
    vote for the republican party
    there is only 2 realities
    "not voting"
    "voting for the republicans"

    thats it

    so what does that tell us ?

    it tells us that the entire market was gamed for a crash on the proviso that joe would win
    so it will financially declare that joe has failed
    even though the ones who made it fail are all the bankers & wall st people
    who did so over the build up to the election.

    usually i just watch from a distance and say nothing
    but this looks like it might hurt

    how is china going to value all its US currency it holds ?
    its a toxic co-dependent relationship that the USA is refusing to recognize(currency manipulating rhetoric?)

    the chimps(usa industrialists) have run off & stolen the car(industry) & all the bananas(cash)
    but they have hung a huge bumper sticker on saying
    "Asian driver"

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    where is the dow money coming from ?
    fake money printed to supply usa spending into Chinese products to pay usa industrialists who have moved all manufacturing to china

    now the republican bankers have wound up the market right before the election
    so they can pay it off or collapse it depending on who wins

    pretending to prop up the failed usa economic system by forcing americans to borrow money and spend it in china
    buying usa industrialists profit margins built in china

    for every 1 dollar usa consumers borrow
    they probably spend 2 dollars in china
    instead of on local usa economy
    faking the financial transactions data

    when in reality the entire usa system has become socialist because of the massive global recession and outsourcing of all manufacturing to china by americans

    what is republican wall st proposing as a solution ?
    more borrowing ?

    who was controlling the dow in the run up to the election ?
    weaponizing the dow as a political right wing weapon
     
    Last edited: Apr 17, 2021 at 3:50 AM
  17. Seattle Valued Senior Member

    Messages:
    6,958
    Do you own any of it? If not, why not?
     
  18. RainbowSingularity Valued Senior Member

    Messages:
    6,124
    technically they are probably more just holding the national economy to hostage
    so they can maintain power after the election & simply hold whom every is presidency to ransom for their own spin

    then offer to solve r create the economic problem THY deliberately created

    no morals involved
    money before everything that's what capitalism is
    its not morally dishonest when everyone is running around preaching themselves to be capitalists

    what else would you expect ?

    they knew the bail out would come
    or the big short & write off
    so they would have been gaming hard
    now they have joe over a barrel

    dirty business this American capitalism
    but that's how Americans keep choosing it over and over.
    free will
     
  19. Seattle Valued Senior Member

    Messages:
    6,958
    What about Australian capitalism? Same thing, just not quite as successful. You've mentioned that you're always broke. Are you trying to do something about that, other than complaining?
     

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